Illiquidity and Pricing Biases in the Real Estate Market
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چکیده
منابع مشابه
Pricing in an illiquid real estate market
Using a repeat sales data set, this paper tests whether a single small seller can influence the selling price of their house. We find that this influence exists and that it dominates the influence of commonly-used market conditions. Since the estimated magnitude of this effect is much higher than expected, we verify the estimate using several supplementary tests. JEL: C78, D80, R21, R31
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ژورنال
عنوان ژورنال: Real Estate Economics
سال: 2007
ISSN: 1080-8620,1540-6229
DOI: 10.1111/j.1540-6229.2007.00191.x